Coverage & Claims Archives - Insurance & Reinsurance

New Jersey Passes Legislation Requiring Insurers to Apprise Insureds of Particular Aspects of Their Business Interruption Coverage

by Elliott Schreffler and Alan Levin | Apr 5, 2021 | Coverage & Claims, COVID-19, Industry Developments, New Jersey Developments | United States

Both the New Jersey Assembly and Senate recently passed identical legislation that would ‎require insurers offering commercial coverage for loss or damage to property, including business ‎interruption, to provide insureds with a general summary of common insurance clauses in policies ‎for loss of use and occupancy of a commercial property, along with a disclosure relating to ‎pandemic and virus losses.‎

UK High Court Rules on Business Interruption Insurance Test Case

by Ernesto Palomo | Sep 18, 2020 | Coverage & Claims, COVID-19 | United Kingdom

On September 15, 2020, the UK’s High Court issued its highly-anticipated ruling on the “test ‎case” for COVID-19 business interruption insurance coverage. The case was brought by the UK ‎Financial Conduct Authority (FCA) on behalf of several policyholders – many small and medium ‎sized enterprises (SMEs) – to determine how the Court would rule on several different policy ‎wordings for business interruption insurance in relation to losses arising out of the COVID-19 ‎pandemic. ‎

NEW PROGRAM ADDED: Join Locke Lord for a Complimentary Summer Speaker Series on Issues Impacting the Insurance Industry as We Move to the Next Phase of COVID-19

Sep 1, 2020 | Coverage & Claims, COVID-19, Regulatory

The summer is coming to an end…and so is our Summer Speaker Series! Join us for the final program in our series on issues impacting the insurance industry as we move to the next phase of COVID-19. One hour of CLE is approved in CA, IL, TX and NY. Other states are pending.

Join Locke Lord for a Complimentary Summer Speaker Series on Issues Impacting the Insurance Industry as We Move to the Next Phase of COVID-19

Aug 4, 2020 | Coverage & Claims, COVID-19, Privacy/Data Security/Cyber Risk, Regulatory | United States

As we enter the next phase of life under COVID-19, new issues are emerging for the insurance industry. Locke Lord lawyers will tackle some of the issues over the next month. Sign up for each program that interests you below. We look forward to sharing time with you as we navigate the new normal. One hour of CLE for each program is approved in CA, IL, TX and NY. Other states are pending.

Join Locke Lord for a Complimentary Summer Speaker Series

Jun 23, 2020 | California Developments, Coverage & Claims, COVID-19, Privacy/Data Security/Cyber Risk, Regulatory | United States

As we enter the next phase of life under COVID-19, new issues are emerging for the insurance industry. Locke Lord lawyers will tackle some of the issues over the next few months. Sign up for each program that interests you below. We look forward to sharing time with you as we navigate the new normal. One hour of CLE for each program is approved in CA, IL, TX and NY. Other states are pending.

COVID-19: Address the real-world implications for insurers and get your roadmap for overcoming the obstacles ahead

Apr 23, 2020 | Coverage & Claims, COVID-19, D&O Liability, Privacy/Data Security/Cyber Risk

Patrick Byrnes will present at a 75-minute complimentary webinar, presented by Intelligent Insurer and sponsored by CRC Group, on real-time challenges facing brokers, insurers and risk managers. A panel of experts will cover key questions the industry is facing and provide a step-by-step guide to confronting the COVID-19 crisis.

New York Bill to Change Business Interruption Cover for Covid-19 Amended and Clarified

by Joseph Froehlich | Apr 10, 2020 | Coverage & Claims, COVID-19, New York Developments | United States

On March 27, 2020, a pair of New York State Assembly members introduced a bill that was aimed at requiring insurance carriers that issued a loss of use or business interruption policy to retroactively cover the losses resulting from Covid-19.

Florida Appellate Court Provides Insurers with Potentially Powerful Tool to Combat Abusive Assignment of Benefit Litigation

by Michael De Simone | Sep 10, 2018 | Catastrophe Claims, Coverage & Claims, Florida Developments | United States

The logjam may have broken in Florida assignment of benefits litigation. Insurers and the bar that represents them have searched for a response a costly wave of costly litigation that has a arisen in recent years where insureds have assigned their homeowners’ insurance proceeds to contractors that perform needed repairs and then submit bills to the insurer that frequently are inflated, touching off litigation in which the contractor (or, more accurately, its lawyer) is emboldened by the threat of recovery of attorneys’ fees.